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Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
The Euro may overlook October’s CPI data considering its limited impact on near-term ECB policy. The Kiwi Dollar fell after a soft Building Permits report.
Silver Slumps To Fresh 2014 Low, WTI Within Striking Distance Of $80
The precious metals have extended their recent declines and may remain at risk of further weakness amid a high threshold for upcoming US data to disappoint.
USDJPY Presses Resistance Ahead of BoJ- Support at 108.87
A weekly opening range break shifted our focus to the topside with the rally now at risk below key resistance. Here are the updated targets & invalidation levels.
Ranges Persist in USD-Pairs Post-FOMC Meeting
The FOMC threw the US Dollar a bone yesterday by leaving its name absent from its policy statement.
Euro May Look Past German Data, US GDP Dip Unlikely to Derail Dollar
The Euro may overlook German unemployment and inflation data while a slowdown in third-quarter US GDP growth may not amount to a major setback for the Dollar.
Gold Remains Exposed On US GDP, Natural Gas Faces Further Volatility
Gold remains at risk of further declines ahead of US growth figures which may feed firmer Fed policy normalization bets and bolster the USD.
Dollar Surges as FOMC Ends Quantitative Easing
The US Federal Reserve ended its Quantitative Easing program and struck a fairly positive tone on future policy. Here's how we covered the Dollar reaction in realtime.
Trade Setups in EUR/USD, GBP/USD, AUD/USD Ahead of FOMC Meeting
Make or break time for the US Dollar - many of the major pairs sit at technical crossroads.
US Dollar May Rise as Status-Quo FOMC Clashes with Dovish Market Bets
The US Dollar may rebound as a status-quo FOMC policy statement clashes with a recent dovish shift in financial markets’ Fed interest rate hike expectations.
Gold At Risk On Hawkish FOMC Tilt, Crude Rebounds Ahead Of Inventories
Gold and silver are bracing for volatility on the upcoming FOMC decision that holds the potential to reinvigorate the USD bulls and drag the precious metals lower.
Target on US Dollar’s Back this Week with FOMC, GDP Due
The US Dollar may be in trouble this week.
Major Event Risk Ahead for US Dollar - Levels to Watch
The US Dollar faces a bevy of event risk over the next few days. Up first today: September Durable Goods and October Consumer Confidence.
Dollar Slips Alongside Volatility as FOMC Decision Approaches
Like US equity indexes, the US Dollar was little changed in the opening trading session of the week.
US Dollar Looks to Durables, Consumer Confidence to Set Tone for FOMC
The US Dollar may edge higher if upbeat Durable Goods Orders and Consumer Confidence figures soften bets on a dovish shift at this week’s FOMC policy meeting.
WTI Dips Below $80 Handle, Natural Gas Carves Fresh 2014 Low
Crude oil remains in a precarious position as anticipation of ample supplies threatens to drag the commodity lower.
Keeping Eye on Yen as Reversal May Offer Trade Opportunities
Uncertainty reigns supreme on a potentially critical week for the US Dollar and Japanese Yen. What trades are we watching?
Euro to Benefit From Sticky CPI- USD/JPY Threatens Bullish Formation
Sticky price growth in Europe may generate a larger rebound in EUR/USD, while the USD/JPY threatens the bullish setup ahead of the Fed & BoJ interest rate decisions.
Small Window Opens for Euro Short Covering - Will Market Oblige?
If there was a moment for the Euro to take back some of its 2014 losses, now would be a good time.
Euro Looking Beyond ECB Stress Tests to Bond Purchase Results
The Euro seemed unimpressed with the ECB’s bank stress tests. Markets now look ahead to the announcement of results from last week’s covered bond purchases.
WTI Eyes $80 On Glut Concerns, Gold Holds Ahead Of US Event Risk
WTI is within striking distance of the critical 80.00 floor with lingering supply glut concerns keeping pressure on the commodity.
Short-term Euro Rebound Due as Data Improves, Stress Tests Pass
If there was ever a chance for the Euro to take advantage of near-term conditions, the moment may be ripe for the elusive Euro short covering rally. The fuel here, of course, is the stretched futures market positioning.
Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ECB Stimulus
This past week's calm optimism was likely an interlude for a bigger shift in market conditions. With a FOMC decision, US GDP, ECB Stress test and much more ahead; stability will be put to the test.
Dollar and Market Confidence Ride on FOMC Decision
The US Dollar managed to muscle out a modest advance this past week despite favorable winds for investor sentiment (through benchmarks like S&P 500 and volatility indexes) as well as a persistent dovishness in rate forecasts.
Gold Losses to Accelerate on Less Dovish FOMC- Support Break Eyes 1206
Gold prices are softer this week with the precious metal off by 0.55% to trade at $1231 ahead of the New York close on Friday.
AUD Faces A Potential Breakout On US Heavy Event Risk
The Aussie may remain under pressure over the coming week as elevated volatility caps carry demand, while US-centric event risk offers potential “breakout” catalysts.
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